Royce & Associates Discloses 2.04M Share Stake in NewtekOne
Ticker: NEWTH · Form: SC 13G · Filed: Jan 24, 2024 · CIK: 1587987
| Field | Detail |
|---|---|
| Company | Newtekone, Inc. (NEWTH) |
| Form Type | SC 13G |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, SC-13G, investor-confidence
TL;DR
**Royce & Associates just revealed a big 2.04M share stake in NewtekOne, signaling institutional confidence.**
AI Summary
Royce & Associates, LP, a New York-based investment firm, reported beneficial ownership of 2,042,490 shares of NewtekOne, Inc. (NASDAQ: NEWT) common stock as of December 31, 2023. This represents a significant stake, giving Royce & Associates sole voting power over these shares. This matters to investors because a large institutional investor like Royce & Associates taking a substantial position can signal confidence in the company's future prospects, potentially influencing other investors.
Why It Matters
A major institutional investor like Royce & Associates holding over 2 million shares suggests a strong belief in NewtekOne's value, which could attract more investor interest and potentially stabilize or boost the stock price.
Risk Assessment
Risk Level: low — This filing indicates a significant institutional investment, generally seen as a positive signal rather than a risk.
Analyst Insight
A smart investor would view this as a positive signal, potentially indicating a deeper dive into NewtekOne's fundamentals to understand why a respected firm like Royce & Associates has taken such a substantial position.
Key Numbers
- 2,042,490 — Shares Beneficially Owned (Represents the total number of NewtekOne common shares Royce & Associates, LP has sole voting power over.)
Key Players & Entities
- Royce & Associates, LP (company) — the reporting person and investment firm
- NewtekOne, Inc. (company) — the subject company (issuer)
- 2,042,490 (dollar_amount) — number of shares beneficially owned
- December 31, 2023 (date) — date of event requiring the filing
Forward-Looking Statements
- Other institutional investors may take a closer look at NewtekOne, Inc. due to Royce & Associates' significant stake. (NewtekOne, Inc.) — medium confidence, target: Q1 2024
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is Royce & Associates, LP, an investment firm based in New York, with IRS Identification No. 52-2343049.
What is the subject company (issuer) of the securities mentioned in this filing?
The subject company is NewtekOne, Inc., with Central Index Key (CIK) 0001587987, formerly known as Newtek Business Services Corp.
How many shares of NewtekOne, Inc. common stock does Royce & Associates, LP beneficially own with sole voting power?
Royce & Associates, LP beneficially owns 2,042,490 shares of NewtekOne, Inc. common stock with sole voting power, as stated in item 5 of the filing.
What was the date of the event that required the filing of this statement?
The date of the event which required the filing of this statement was December 31, 2023, as indicated on the cover page of the filing.
What is the CUSIP number for the class of securities reported in this filing?
The CUSIP number for the Common Stock of NewtekOne, Inc. is 652526203.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 24, 2024 regarding NewtekOne, Inc. (NEWTH).